Market Leaders: Jain Irrigation Systems Ltd. (India) and Netafim (Israel) Continue to Bring Innovative Solutions and Expanding their Production Capacities to Further Strengthen Their Presence in the Drip Irrigation Market
The drip irrigation market size is estimated to be valued at USD 5.2 billion in 2022 and is projected to reach USD 8.3 billion by 2027, recording a CAGR of 9.8% during the forecast period in terms of value. Heavy investments are being made in R&D by global giants to manufacture products that are economical and suitable for use with fertilizers and agrochemicals. The global drip irrigation systems market has realized opportunities in terms of innovative products and patent registrations, thereby indicating a growing demand for the latest agricultural technologies. Developing countries such as India and China are among the largest markets due to the agrarian nature of their economies and increasing levels of water scarcity that affects the regions. Drip irrigation is well suited to intensive systems such as vegetable production. It has gained widespread acceptance internationally as a technology that can increase water use efficiency to about 90–95%.
Key players in this market include Jain Irrigation Systems Ltd. (India), Lindsay Corporation (US), The Toro Company (US), Rivulis (Israel), and Hunter Industries Inc. (US), Netafim (Israel), Rain Bird Corporation (US), Chinadrip Irrigation Equipment Co., Ltd. (China), Elgo Irrigation Ltd. (Israel) and Shanghai huawei water saving irrigation corp. ltd. (China).
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The existing players in the drip irrigation market are focused on increasing their market shares. The top players in the market are concentrating on increasing their products, increasing their market presence and uniting with various channel partners to offer to manufacturers across the globe. The drip irrigation market has many organized players at the global level and unorganized players at the local level in several countries. The top ten players in the industry hold a market share of 55-60%.
Jain Irrigation Systems Limited (JISL) is the flagship company with operating subsidiary companies (Including fellow subsidiaries) with diverse businesses across the globe and aggregate revenues of over ` 58.132 billion in 2021. The company is a leading agribusiness enterprise, present in the entire value-chain. It is the second largest micro-irrigation company globally and is the largest manufacturer of micro irrigation systems in India. The company is one of India’s leading manufacturers of microirrigation systems, piping systems and agro-processed products. The microirrigation system products are customized to assist in meeting the special requirements of customers in India. Moreover, company has strong competence in R&D in each of its business segments. The company focuses its R&D operations on the development of new products and the improvement of existing products. The company’s R&D team is also responsible for developing new and more efficient production processes and the enhancement of existing production processes.
In order to increase the market share in India, Jain Irrigation as a CSR activity has undertaken the setting up drip irrigation equipment valued at approx. Rs 21 Lakhs to help grow native trees at shivneri fort. The above project has been taken in association with Sahyadri Giribhraman Sanstha and the Department of Archaeology. The lead has been taken by Sahyadri Giribhraman Sanstha. There was a problem in giving water to these trees. The native trees will be planted a nearly 25 acre area. Jain Irrigation has been providing drip irrigation as a CSR activity valued at Rs 21 lakh.
Netafim (Israel) is the global leader in precision agriculture with drip irrigation for a sustainable future. Netafim has invested years of research into micro-watering to maximize the benefits of the technology. As a result of this investment, the company have been pioneers in the key technological advances made in micro-irrigation, such as low-pressure drippers and drippers with pressure compensation. The company had become a world leader in advanced microirrigation by helping the world “grow more with less”, as demonstrated by customers who, generally speaking, achieve greater crop yields while using less water, as well as less land and power resources, allowing for reduced use of other inputs like labor, nutrients and crop protection.
The company’s remote sensor technology for drip irrigation is enabling farmers to continue to monitor their crops and secure agricultural output. Moreover, within drip system, the use of fertilizers contributes 60-70% of the overall carbon impact in the use phase, far more than drip irrigation equipment or other processes. An advantage of drip irrigation has always been its role in reducing fertilizer use, as drip lines offer controlled use of fertilizer only when needed. However, lifecycle analysis proves the need to focus even more efforts on systems that minimize fertilizer use while retaining all the benefits of drip irrigation – higher yields, water savings and lower carbon.
Related Reports:
Drip irrigation Market by Crop Type, Component (Drip Mainlines/Drip Tubes, Filters & Fertilizer Injectors, Fittings & Accessories, Emitters/Drippers, Pressure Pumps, and Valves), Emitter/Dripper Type, Application and Region - Global Forecast to 2027
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